Investment Markets Overview – w/e 13 September 2013

UK three month employment numbers were released this week, more below for subscribers, and it would appear that 80,000 jobs were created in Q213, according to the ONS, with employment now up by 275,000 year on year, albeit that tragically, youth unemployment rose by a further by 9,000 to 960,000. Digging a little deeper, however, the ONS reveals that 25,000 of the 80,000 jobs created were in “Estate Agency,” with the sector now standing at 240,000 jobs in total, 100,000 more than at the peak of the boom and is now at a record high. Georgie Boy, aka you can call me Jeffrey, was no doubt cock-a-hoop and will claim the credit due to his “Funding for Lending” and “Help to Buy,” tax-payer under-written mortgage schemes, but more sober voices, such as Vince Cable, the Lib-Democrat Business Secretary, warned that “the economy needs rebalancing through a shift to exports and investment rather than debt-based consumption and short-term speculative property accumulation”. With the UK interest rate cycle now well on the turn, at a time of record debt levels, Cable makes a very good point.

130913_chart

Subscribe to the Full Investment Markets Overview Newsletter which contains the following additional commentaries:-

  • US economic data . . .

  • Euro-Zone   . . .

  • The UK . . .

  • Out East   . . .

  • The $US index  . . .

  • Within the commodities complex  . . .

  • Economic data due next week includes  . . .

  • Technical analysis and newsletter writer, Joseph E. Granville, died last weekend at the age of 90  . . .

  • Charts:-
    1. Indices Weekly
    2. US Retail Sales M on M %
    3. UK 3 Month Unemployment Rate to July 2013 vs UK Average earnings to July 2013
    4. China CPI Y on Y vs China Retail Sales Y on Y
    5. Commodity 1 Week Moves

Table of 15 Indices, 11 columns of detailed information, for accurate analysis

  “If it’s obvious, it’s obviously wrong” 

Click  HERE to view Details of the full version of this Newsletter

which includes full text and detailed Charts for each section

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